Corn Market Report – CBOT & Euronext
➡ Old crop corn prices rose again on Thursday, while new crop contracts ended weaker. Euronext posted strong gains, driven by EU crop uncertainty. Traders positioned ahead of the Memorial Day weekend, with U.S. planting still in focus.
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📈 Price Overview
| Exchange | Delivery | Closing Price | Change | Currency |
|---|---|---|---|---|
| CBOT | Jul ’25 | 463 ct/bu | ▲ +2.00 ct | USD |
| CBOT | Dec ’25 | 455.50 ct/bu | ▼ −2.25 ct | USD |
| Euronext | Jun ’25 | €207.25/t | ▲ +€4.75 | EUR |
| Euronext | Nov ’25 | €207.25/t | ▼ −€0.50 | EUR |
🔍 Key Market Drivers
- 🧮 IGC Raised 2025/26 Global Corn Production Forecast:
- Global output: ↑ 3 Mt vs April
- Ending stocks 2025/26: ↑ to 284 Mt, up +9 Mt YoY
- 🇺🇸 U.S. Weather & Planting Outlook:
- Showers continued across the Corn Belt
- Some delays are likely; emergence conditions remain excellent
- USDA Crop Progress will be released on Tuesday due to the Memorial Day holiday
- 🇦🇷 Argentina Harvest Slows:
- 39% complete (above long-term avg.)
- Delays due to rainfall
- Buenos Aires Exchange keeps the estimate at 49 Mt
- 🇧🇷 CONAB Holds Production & Export Forecast:
- Total corn crop: 126.87 Mt
- Exports steady at 34 Mt
- 📦 USDA Weekly Export Sales (week ending May 15):
- Old crop: 1.19 million t (within expectations)
- Down −29% WoW, but +31% YoY
- New crop: 218,371 t
- Colombia (100,000 t), Costa Rica (75,400 t) were the top buyers
☁️ 14-Day Weather Trend (U.S. Corn Belt)
| Region | Trend | Market Impact |
|---|---|---|
| Eastern Belt | Rain | Slows the planting pace |
| Western Belt | Mild, humid | Good for emergence |
🌍 Corn Market Snapshot
| Indicator | Value | Trend |
|---|---|---|
| U.S. Jul ’25 Corn | 463 ct/bu | ▲ 3-day uptrend |
| Global 2025/26 Ending Stocks | 284 Mt | ▲ Raised |
| Argentina Crop Estimate | 49 Mt | Steady |
| Weekly U.S. Export Sales | 1.19 million t | ▼ WoW, but strong YoY |
| EU Crop Sentiment (Euronext) | Strengthens | ▲ +€4.75 (Jun) |
💡 Trading Recommendations
- 🟢 Buy July short-term on export support & technical momentum
- 🔴 Caution on new crop: global stocks building, Brazil supply pressuring
- 🧭 Focus next week on planting data, Brazil export flow & EU weather
🔮 3-Day Forecast (May 24–27)
| Market | Trend | Comment |
|---|---|---|
| CBOT | ▲ Mixed bias | Jul firm, Dec under pressure from Brazil |
| Euronext | ▲ Bullish | EU weather and technical bounce |
| Dalian | ▶️ Neutral | Steady demand, tight global arbitrage window |
Related posts:
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CBOT Corn Split Continues – Nearby Gains on Exports, New Crop Weighed Down by Brazil
Corn Market Outlook: Brazilian Harvest, US Prospects, and Export-Driven Price Dynamics
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Corn Market Analysis: Record US Crop Meets Tightening Global Stocks
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